India looking at greater market access for pharma products in UK under FTA
NEW DELHI: India is looking at greater market access for its pharmaceutical products in the UK as part of the proposed free trade agreement with Britain, an official said on Friday. The official also said that a leaked chapter of the agreement, which is floated on some portals, on intellectual property (IP) is edited, distorted, […]
UK PM Liz Truss faces pressure from Conservatives over tax cuts policies
LONDON: The Cabinet is attempting to rally behind embattled British (UK) Prime Minister Liz Truss on Thursday as her Conservative Party backbenchers are up in arms against her tax-cutting economic policies, which they see as favouring the rich amid a cost-of-living crisis and giving the Opposition Labour Party a lead in opinion polls. Foreign Secretary […]
UK announces launch of free trade agreement negotiations with India
NEW DELHI: The UK government on Thursday announced the launch of free trade agreement (FTA) negotiations with India, describing it as a “golden opportunity” to put British businesses at the “front of the queue” of the Indian economy. British Prime Minister Boris Johnson said an FTA would take the country’s historic partnership with India to […]
Getting aggressive calls from powerful Indians: Adar Poonawalla on Covid-19 vaccine pressure
NEW DELHI: Serum Institute of India (SII) CEO Adar Poonawalla on Saturday spoke out about the pressures he was under over the production of COVID-19 vaccines to meet the ever-increasing demand in India as the country battles through a devastating second wave of the coronavirus pandemic. In his first comments since he was provided with […]
Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement
NEW DELHI: British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company’s “strong powers of enforcement” to recover USD 1.4 billion from the Indian government should it not keep its word of honouring international arbitration tribunal awards on retrospective taxes. Cairn […]
TCS to recruit 1,500 tech staff in UK
NEW DELHI: Tata Consultancy Services (TCS), has announced that it will recruit 1,500 technology employees across the UK over the next year. The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, Rajesh Gopinathan, where they discussed the company’s commitment to continue investing in the UK’s economy, innovation, […]
Vijay Mallya applies for ‘another route’ to stay in UK, says his lawyer
LONDON: Vijay Mallya, who is due to be extradited to India, has applied for “another route” to be able to stay in the UK, the embattled liquor tycoon’s barrister representing him in bankruptcy proceedings in the High Court here confirmed in the court for the first time. The 65-year-old businessman, whose legal challenge to the […]
Boris Johnson invites Narendra Modi to UK for G7 summit in June
NEW DELHI: UK Prime Minister Boris Johnson has invited his Indian counterpart Narendra Modi for the G7 summit as he confirmed details on Sunday for the high-level meeting to be presided over by Britain in the coastal region of Cornwall between June 11 and 13. Johnson had extended an invitation to Modi during a phone […]
Vaccinators line up as Oxford/AstraZeneca jab on brink of approval in UK
By Aditi Khanna LONDON: The UK’s National Health Service is lining up thousands of medics and volunteers on Monday to be ready to deliver jabs up and down the country as the Oxford University vaccine against COVID-19 is on the brink of getting regulatory approval. The vaccine, which is being produced by bio-pharmaceutical giant AstraZeneca […]
AstraZeneca to buy pharmaceutical firm Alexion for $39 billion
NEW DELHI: Cambridge, England-based AstraZeneca PLC, which is involved in one of the efforts to develop a COVID-19 vaccine, said that it is buying US biotech firm Alexion for $39 billion to boost its work on immunology. The boards of directors of both companies have unanimously approved the acquisition. Subject to receipt of regulatory clearances […]
What’s next for Pfizer’s COVID-19 vaccine after UK rollout
Britain began the mass-vaccination of its population against COVID-19 on Tuesday, becoming the first Western nation to do so in a global endeavour that poses one of the biggest logistical challenges in peacetime history. Margaret Keenan, a 90-year-old grandmother from Britain, became the first person in the world to receive the Pfizer vaccine outside of […]
UK probing if allergic reactions linked to Pfizer Covid-19 vaccine
By DANICA KIRKA LONDON: British regulators warned Wednesday that people who have a history of serious allergic reactions shouldn’t receive the new Pfizer-BioNTech Covid-19 vaccine as they investigate two adverse reactions that occurred on the first day of the country’s mass vaccination program. The U.K.’s Medical and Healthcare Products Regulatory Agency is looking into whether […]
Apparel exports request Narendra Modi government for pre-FTA deal with UK
NEW DELHI: Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, has urged the Narendra Modi government to strike a pre-FTA preferential trade deal to remove the tariff disadvantage faced by Indian apparels in the UK. In a letter to Commerce and Industry Minister Piyush Goyal, the APEC Chairman wrote: “It has been learnt that after […]
Brexit brinkmanship: UK tells EU door still open for deal
By Paul Sandle, Jan Strupczewski LONDON/BRUSSELS: Britain said on Monday the door was still open if the European Union wanted to make some small concessions to save Brexit trade talks, but that unless the bloc budged there would be a no-deal exit in 10 weeks. Prime Minister Boris Johnson said on Friday there was no […]
UK: British Land to resume dividends in November
BENGALURU: British Land said on Friday it would resume paying dividends in November, as the mall and office owner collected 69% of its September-quarter rent and expects collections to improve further over the coming weeks. The company, which owns a range of office-led London campuses and retail spaces, said dividends will be paid semi-annually compared […]
Vijay Mallya can’t be extradited till resolution of secret legal matter
NEW DELHI: The UK has conveyed to India that fugitive businessman Vijay Mallya cannot be extradited till the resolution of a “secret legal” matter, the Ministry of External Affairs said on Thursday. India has been pressing the UK to extradite Mallya after he lost his appeals in the British Supreme Court in May against his […]